Musat & Asociatii has advised a syndicate of banks including Jefferies Finance LLC, J. P. Morgan, and Danske Bank A/S on financing for the EUR 650 million acquisition of four B2B distribution companies by FSN Capital.
FSN Capital is a Northern European private equity firm established in 1999 and investment advisor to the FSN Capital Funds, with EUR 4 billion under management.
According to Musat & Asociatii, FSN Capital “acquired Swedish-based Optigroup AB and also Dutch companies Hygas BV and Trias Productie Holding BV.”
OptiGroup is a European B2B distribution Group mainly active in the Nordic region. It offers supply solutions to customers in the cleaning & facility management, hotel & restaurant, healthcare, and manufacturing industries. Hygas Group is a Benelux supplier of hygiene products, medical disposable products, protective equipment and services, and packaging materials.
According to the firm, “together, OptiGroup and Hygas have combined revenues of around EUR 1.3 billion and will serve more than 100,000 customers in 20 countries via 70 distribution centers. Hygas Group includes the affiliated companies BFG Packaging SRL and Trias Productie Holding BV.”
Romanian company BFG Packaging SRL manufactures food packaging, primarily focused on the catering and food processing sectors.
Dutch Trias Productie Holding is a stock-keeping wholesaler of packaging tapes, stretch- and wrapping films, and other packaging materials.
Earlier this year, TGS Baltic advised OptiGroup on its sale to FSN Capital (as reported by CEE Legal Matters on January 7, 2022).
Musat & Asociatii’s team was led by Partner Monia Dobrescu and included Managing Associate Madalina Trifan, Senior Associate Cristian Cepesi, and Associate Evelina Stoian.
Musat & Asociatii could not provide further information on the deal.